My 2 cents on taking a bite out of the market

AAPL

$AAPL has taken out the Fib 50% retracement @ $425.00 instead of bouncing off here. A failure of a Fib support is as significant as a bounce off it. It may be too early to say that the 50% retracement… Read More ›

$AAPL down bar today reflects a confirmed correction to the downside simply because it has taken out the low of the bar from Tuesday, May 7th. The daily bars of Wednesday and Thursday failed to take out the Tuesday low;… Read More ›

$AAPL. I got stopped out earlier in the morning during the downdraft but re-entered my position on $AAPL after the dust was settled; therefore I’m still long $AAPL. If the Morning Star bullish pattern continues to hold until day close,… Read More ›

Reason number 1: We are at 50% retracement from the low of Jan 2009 and the high of Sep 2012. See the blue horizontal line below in the $AAPL weekly chart. Reason number 2: The length of the drop from… Read More ›

This morning action of $AAPL is very unusual. The sudden burst of energy after 10:00 am was purely titillating. Like an attractive woman beckoning you to come over. You know what I mean. You can’t help but being pull by… Read More ›